The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1887-06-23
Some Measures Adopted BY she
Southern Tariff AssociaGion.

The Southern Tariff Association. which mesai
Old Point Comfort last week, adopted some ve1
important measures affecting the insurance bus-
ness in the South.
The association embraces the States OF Ah
bama, Georgia, Florida and North and Soum
Carolina. Over one hundred delegates were u
attendance from nearly every city in the SCUM;
This is the sixth annual convention and the thiro
held at Old Point Comfort. The object oil INC
convention is 70 exchange views and adopt regu'
lations intended to facilitate and improve INC
transaction Of business in the territory covefeu
by the association.
President Knowles, of Atlanta, in his annual
address, reviewed the situation in the Soutn q
regards underwriting, and made some pertineo'
suggestions for the consideration OF the CONVEX
ton, the most important of which were the 70
Communications of the repeal of the three-quan;a
loss clause and the reduction OF insurance rs'es Y
towns and cities having good fire departments
and ample water supply.
The loss clause was repealed. Under lis pIv
visions the insured was obliged to pear o S3s.
fourth of the loss, whether total tr partial VILE
under the talue clause, hereafter % be used, !ns
insured bears no part of the loss when inc
surance IL less than three-fourths of the value
the property covered. Neither Of these clause
have been used, except on property in the coOn
Try VI IN OWuS WituOut SOOu III w P@As-, Z.
water supply. The repeal of the loss claus
considered wise step on the part oil the COMP
neA a. its operation in cases OF partial losses L.
caused much adverse criticism from the pro-
and provoked no little hostility. Ii IS ciaime.
by well-informed underwriters that this cisusn
caused the introduction of the valued pollcy U;n
which came near passing in the last ueo's"
Legislature. .,.n.s
4 resolution abolishing the guarantee ciAus.
in cotton policies was also adopted Ihis clss
IL q condition inserted in policies on co.sU.
where less than the storage capacity OF the III -.
partment or warehouse Is used and for WHICH wv
Insured get reduction In rates. ,s
The Presidents recommendation ina. SUI
plan DO adopted by which agency stock co ;,h
panies may be placed on the same footng Nd
local stock companies, which promise dIs,ue tbs
out Of profits to the insured, brought acou, ,hs
adoption Of Q resolution which declares tIss ~
rates made and promulgated by local 49,. uusd
and by authority of the association are !nhssrt
and understood to be minimum rates nov sus "a
to dividends Or rebates, payable Detore "a nm
the expiration of policies. except oy pule,y sn,
tual companies, and when any STOCK comp ~
elects to make such dividends or reDe.es
executive committee shall adopt sucn mc s.i;sv
q may be necessary to secure perfecs eqss,t
and fiirness to all stock companies co"P
This acsisn has caused something o. : ~
among insurance men, and especially sao Tcna
ofIoef9 and representatives Of the Atnnu = Mi
Who have notified The association tnai ~ ,sd
withdraw from it II the resolution = e.s 1870
A protest he's bean made, bat what inc
Ton win Do b not Jet known.